Thermo Tech Technologies (TTRIF) Message Board

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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: Robert Pool who wrote (3902)	4/8/1998 11:01:00 AM
From: Poweruser	Read Replies (2) of 6467

Robert, You seem intelligent, to lend 32M in non-recourse finnacing does not mean that it is not underwritten! Remeber accounting 101 when you can factor receivables? Well TT and Ambrose are borrowing on Put OR Pay contracts ... it's these cash flows which are securing the debt, not assets which are typically an unreliable source of cash anyway! Secondly, I don't know what banks you use, but my corporate financing is ALWAYS screwed up by our bank (Summit Bancorp). Therefore before you criticize TT for being 8 days late in announcing, perhaps you should consider 1 more fact - perhaps it is done and for PR reasons (Cont. Capital) they and management have not chosen to make you or the market aware. Get real, get comforatble and RELAX! PU

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